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17 July, 04:36

In economics, which term describes a situation in which there are limited resources and unlimited needs and wants?

a. Calculation

b. Intervention

c. Scarcity

d. Greed

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  1. 17 July, 05:30
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    In economics, the term that describes a situation in which there are limited resources and unlimited needs and wants is "scarcity" which is the basis of economics.
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